!function(f,b,e,v,n,t,s) {if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)}; if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0'; n.queue=[];t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e)[0]; s.parentNode.insertBefore(t,s)}(window, document,'script', 'https://connect.facebook.net/en_US/fbevents.js'); fbq('init', '2640916329456805'); fbq('track', 'PageView');
search

Luxembourg’s decision to invest in a fund for space technologies is part of the country’s commitment to supporting the economic development of the commercial space industry.

Innovative space technologies

The Luxembourg-based investment fund Orbital Ventures will invest in early-stage space companies that are developing innovative technologies. It primarily targets innovative companies whose products or services are already generating revenues or could do so in the near future. Deputy Prime Minister and Minister of the Economy Étienne Schneider confirmed that the fund has so far a capital of €70 million.

“We are delighted to work with our partners to support the most promising companies that develop technologies to further promote the commercialisation of space,” Minister Schneider stated. “For decades, Luxembourg has been at the forefront of initiatives that shape the future of space. We will take advantage of our long-standing expertise and our international collaborations to support the commercialisation of space activities.”

Public-private partnership

Orbital Ventures currently has nine investors, including several leading international groups as well as institutional and private partners. In addition to the Luxembourg government, represented by the Ministry of the Economy, the investors include several banks – BCEE, BGL BNP Paribas, BIL and the state-owned bank SNCI, world-leading satellite operator SES, space systems specialist OHB, Promus Ventures that invests in early-stage deep-tech software and hardware companies, and POST Luxembourg.

Photo credit: Ministry of the Economy

Read more

A master's degree creating HPC talent

09-01-2025

In 2023, the University of Luxembourg launched a Master in High Performance Computing (MHPC) dedicated to the new challenges and needs related to high-performance computing.
Read more

Europe’s first disconnected sovereign cloud solution in Luxembourg

07-01-2025

Clarence is interwoven in Luxembourg’s strategy for the data economy. Being fully isolated from the internet, it is Europe's first disconnected sovereign cloud.
Read more

Where to meet us in 2025

07-01-2025

Are you looking to expand your business into Europe? Find out how Luxembourg can support your growth by meeting with us at key global events throughout 2025.
Read more

The Luxembourg Trade & Invest year in review

18-12-2024

International companies choosing Luxembourg, major announcements, headline events and your favourite stories — here’s a snapshot of the year 2024.
Read more

European AI Factories: Luxembourg selected

13-12-2024

The EuroHPC consortium has unveiled the selection of sites that will host the first European " AI factories", which will be deployed in 2025 in seven countries in Europe. The Luxembourg supercomputer MeluXina-AI is one of them.
Read more

Resources all news

Fermer